Wellington Management Group LLP Acquires 19,706 Shares of CoreCivic, Inc. (NYSE:CXW)

Wellington Management Group LLP grew its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,059,925 shares of the real estate investment trust’s stock after buying an additional 19,706 shares during the quarter. Wellington Management Group LLP’s holdings in CoreCivic were worth $13,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in CoreCivic in the 2nd quarter valued at about $29,000. nVerses Capital LLC purchased a new stake in shares of CoreCivic in the second quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in shares of CoreCivic by 77.7% in the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,632 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of CoreCivic during the second quarter valued at approximately $87,000. Finally, Chesapeake Capital Corp IL bought a new stake in CoreCivic during the third quarter worth $139,000. 85.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CXW shares. Northland Securities lifted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $21.88 on Friday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 32.66 and a beta of 1.02. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $18.18 and its 200 day simple moving average is $15.00. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99.

Insider Transactions at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the transaction, the director now owns 149,264 shares of the company’s stock, valued at $3,388,292.80. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock worth $2,490,520 in the last ninety days. Company insiders own 1.89% of the company’s stock.

CoreCivic Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.